Economics MCQs

Page No. 213

If Hong Kong and Taiwan have identical production possibilities curves that are subject to increasing opportunity costs ?


aTrade would depend on difference in demand conditions


bTrade would depend on economies of large-scale production


cTrade would depend on the use of different currencies


dThere would be no basis for gainful trade



With international trade, what would be the maximum number of DVDs that Japan would be willing to export to South Korea in exchange for each ton of steel ?


a One DVD


bTwo DVDs


c Three DVDs


dFour DVDs


View Answer One DVD

With International trade, what would be the maximum amount of steel that South Korea would be willing to export to Japan in exchange for each DVD ?


aOne-half ton of steel


bOne ton of steel


c Two tons of steel


dTwo and one-half tons of steel


View Answer Two tons of steel

According to the Principle of absolute advantage Japan should ?


aExport steel


bExport DVDs


cExports steel and DVDs


dThere is no basis for gainful specialization and trade



The opportunity cost of one DVD in Japan is ?


aOne ton of steel


bTwo tons of steel


cThree tons of steel


d Four tons of steel


View Answer One ton of steel

Which of the following could be considered critical s in development economics ?


aHow do the poorest 2/3 of the world live?


bWhat are the major theories of economic development


c what factors affect labor skills in the third world?


dAll of the above are correct



In which of the following countries would you expect material lifestyles to be most like those in the United States ?


aNigeria


bJapan


cIndia


dMali


View Answer Japan

The poorest region of the World is ?


athe Middle East


bSub Saharan Africa


cAsia


dLatin America


View Answer Sub Saharan Africa

Which of the following countries are not newly industrialized countries (NICs) ?


aTaiwan


bNorth Korea


cSingapore


d Hong kong


View Answer North Korea

Which of the following characteristics are most likely found in developing countries ?


ahigh population growth rates


b large number of people living in poverty


c very traditional methods of agricultural production


d All of the above


View Answer All of the above

Goto Page No.

Page 213 of 444

Alphabetical MCQs Categories

Here below You find all kind of categories of MCQs in alphabetical order.


"Comprehensive Collection of MCQs: Alphabetically Organized by Subject"

"Discover an extensive collection of multiple-choice questions (MCQs) neatly categorized by subject from A to Z. This resource is designed for anyone eager to explore various topics in a straightforward and organized manner. Whether you're a student preparing for exams, an educator seeking supplementary materials, or simply curious about different subjects, this compilation offers a convenient way to learn and assess your knowledge. With questions arranged alphabetically, navigation is effortless, allowing you to delve into subjects of interest at your own pace. Engage, learn, and expand your understanding with this accessible and comprehensive repository of MCQs!"


BolPakistan

bolpakistan.com.pk includes Job Mcqs and Pak Mcqs is the Top Largest Mcqs Forum in World, in which you can read Mcqs of All Subjects, PPSC test preparation, FPSC, NTS and PPSC PAST PAPERS, PPSC PAST MCQS. A Collection of Repeated MCQs for JOBs seekers.

Copyright © 2024, Designed & Developed by BolPakistan